Under Armour, Inc. (NYSE:UAA) Receives Average Rating of "Hold" from Brokerages

Under Armour, Inc. (NYSE:UAA - Get Free Report) has received a consensus recommendation of "Hold" from the twenty-one ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $7.87.

Several research analysts have commented on the stock. Telsey Advisory Group reissued a "market perform" rating and set a $7.00 price objective on shares of Under Armour in a report on Tuesday. Guggenheim reaffirmed a "neutral" rating on shares of Under Armour in a research note on Friday, February 7th. KGI Securities initiated coverage on Under Armour in a report on Friday, March 7th. They set a "neutral" rating and a $7.40 price objective on the stock. Citigroup cut their target price on shares of Under Armour from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Finally, Evercore ISI reduced their price target on shares of Under Armour from $8.00 to $7.00 and set an "underperform" rating on the stock in a research report on Monday, February 10th.

Under Armour Stock Down 0.9%

UAA stock traded down $0.06 during midday trading on Thursday, hitting $6.16. The company's stock had a trading volume of 6,797,453 shares, compared to its average volume of 12,529,042. The firm's 50-day moving average is $6.06 and its 200-day moving average is $7.66. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The company has a market cap of $2.65 billion, a PE ratio of -21.22 and a beta of 1.54. Under Armour has a 12 month low of $4.78 and a 12 month high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. On average, equities research analysts forecast that Under Armour will post 0.3 earnings per share for the current fiscal year.

Institutional Trading of Under Armour

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MCF Advisors LLC lifted its holdings in Under Armour by 7.6% in the 4th quarter. MCF Advisors LLC now owns 20,187 shares of the company's stock valued at $167,000 after purchasing an additional 1,419 shares in the last quarter. Optas LLC lifted its stake in shares of Under Armour by 5.5% in the fourth quarter. Optas LLC now owns 28,519 shares of the company's stock worth $236,000 after buying an additional 1,484 shares in the last quarter. Mariner LLC boosted its position in Under Armour by 10.0% during the fourth quarter. Mariner LLC now owns 17,006 shares of the company's stock worth $141,000 after acquiring an additional 1,552 shares during the last quarter. Principal Financial Group Inc. grew its stake in Under Armour by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 435,307 shares of the company's stock valued at $2,721,000 after acquiring an additional 1,888 shares in the last quarter. Finally, Amalgamated Bank grew its stake in Under Armour by 2.4% during the 4th quarter. Amalgamated Bank now owns 87,534 shares of the company's stock valued at $725,000 after acquiring an additional 2,014 shares in the last quarter. Hedge funds and other institutional investors own 34.58% of the company's stock.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.